REG-Rightmove Plc: Announcement of Non-Discretionary Share Buyback Programme

RightmoveAnnouncement

Today 07:10

 

Rightmove plc

Share buy-back programme

 
Announcement of Non-Discretionary Share Buyback Programme
 

Rightmove plc ("Rightmove"), the UK's no. 1 property website, announces that
it will implement an irrevocable, non-discretionary programme to purchase
ordinary shares for cancellation with the absolute maximum aggregate purchase
price to be paid for the shares not to exceed £90 million. The programme
commences on 2 March 2026 and runs up to and including 31 July 2026.

 

Any share purchases will be effected within certain pre-set parameters, and in
accordance with both the Company's general authority to repurchase shares and
in accordance with the EU and UK Market Abuse Regulations and Chapter 9 and
Chapter 12 of the Listing Rules.

 

The Company has entered into an agreement with UBS AG London Branch ("UBS")
under which it has issued irrevocable instructions to UBS to manage the
non-discretionary share buyback programme. UBS will carry out the Company's
instructions through the acquisition of ordinary shares in the Company for
subsequent repurchase by the Company. UBS will make its trading decisions
under the Programme independently of, and uninfluenced by, the Company.

 

The Company confirms that it currently has no unpublished price sensitive
information.

 

 

Carolyn Pollard

Group Company Secretary

 

 

Further enquiries:

Investor Relations:                                           
investor.relations@rightmove.co.uk                                

Sodali:                                                                 
rightmove@sodali.com

 



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